- PSA International has announced that it will acquire 85% stake in Loconi International S.A., a prominent Polish intermodal operator.
- This move aims to strengthen PSA’s European operations and enhance its rail connectivity.
Singapore-based global port operator, PSA International, has acquired 85% stake in Poland’s leading intermodal operator, Loconi. By combining PSA’s port infrastructure with Loconi’s extensive rail services, this partnership seeks to offer more efficient and cost-effective transportation solutions for customers moving goods within and out of Poland.
The acquisition is expected to enhance connectivity between PSA’s Baltic Hub Container Terminal in Gdansk and key inland markets in Poland and Central Europe.
Expanding Rail Network
Loconi, with its extensive rail network across Poland, will significantly strengthen PSA’s Baltic Hub Container Terminal in Gdansk. By combining their strengths, the companies aim to offer more efficient and cost-effective transportation options for customers.
Strategic Partnership
The acquisition aligns with PSA’s focus on expanding its port ecosystem and providing comprehensive logistics solutions. Vincent Ng, Regional CEO of PSA Europe & Mediterranean and PSA Middle East South Asia, expressed enthusiasm for the partnership, highlighting its potential to drive growth and innovation in the region.
Role of Loconi
Lidia Dziewierska, CEO of Loconi, emphasized the company’s commitment to rail transportation and its alignment with PSA’s vision. She expressed that “ambition has been to remain creative and dynamic as we grow and the journey continues. We believe that PSA is an excellent partner to ensure that these Loconi values remain relevant and that all intermodal stakeholders take better advantage of the untapped potential of rail transport in this part of Europe… The entire Loconi team is excited to become a member of the PSA Group and explore the opportunities it will open up for us and our clients.”
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Source: Global PSA
